Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Opinion
Editorial: Blocking Nippon deal is a death sentence for Pittsburgh steel
President Joe Biden's decision to block Nippon Steel's acquisition of U.S. Steel will go down as one of the worst of his presidency, and will tarnish the legacy of a man who set out to strengthen American relations with other nations and to be the most pro-worker president in modern American history.
Japanese company cannot buy US Steel: Biden rejects Nippon‘s $15 billion deal
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.
Biden blocks Nippon Steel's deal to acquire US Steel
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA's most storied steel company.
Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
Biden blocks US Steel takeover by Japan-based Nippon
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security. "Without domestic steel production and domestic steel workers, our nation is less strong and less secure," Biden said in a statement.
Biden blocks Nippon Steel’s proposed deal to acquire US Steel
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.
U.S. Steel CEO David Burritt hopes Trump will step in to overturn Biden decision
United States Steel Corp. CEO David Burritt in an interview with CNBC appealed to President-elect Donald J. Trump to rescue the Pittsburgh-based company's $14.9 billion acquisition by Nippon Steel Corp.
U.S. Steel CEO urges Donald Trump to look into Nippon deal
Growth in the massive U.S. services sector picked-up in December, according to the Institute for Supply Management. Meanwhile, job openings hit a six-month high in November, according to the Labor Department.
Why Japan Won’t Stop Trying to Invest in the U.S.
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s ...
CBS News5d
Biden's rejection of U.S. Steel-Nippon Steel deal may spell demise of steelmaking in Mon Valley, officials say
And while Nippon promised to keep the headquarters in Downtown Pittsburgh and not shut down ... including government officials from Japan and allies and partners in the U.S., to take all ...
Minnesota Vikings Defensive End Pat Jones II collabs with Polaris and Call of Duty
The Vikings Defensive End has a special place in his heart for the military community - his dad served 30 years in the Navy.
Stock market today: Asian shares mostly rise after Wall Street rally led by Nvidia
Asian shares mostly rose Tuesday, deriving optimism from rising technology stocks on Wall Street, led by Nvidia. Japan’s ...
Cleveland-Cliffs CEO responds to U.S. Steel lawsuit, says failed acquisition was ‘self-inflicted disaster’
Cleveland-Cliffs CEO Lourenco Goncalves's comments come after President Biden rejected the merger between U.S. Steel and Nippon Steel.
Shapiro challenged to back U.S. Steel lawsuit or lose to Ohio
In a statement issued after President Joe Biden’s decision to block the merger, Shapiro said U.S. Steel should stop “threatening” jobs in southwestern Pennsylvania and start entertaining offers from ...
Pirates Could Make Sense For Roki Sasaki
The Pittsburgh Pirates have had a relatively quiet offseason outside of trading for left-handed hitting first baseman Spencer Horwitz. Could a typically quiet ...
Trump wants to change the name of the Gulf of Mexico. Can he do that?
President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America,” a ...